| Fund Description |
| USAI is passively managed, and seeks to track the American Energy Independence Index before fees and expenses. Many ETFs that invest in energy infrastructure have substantial investments in publicly traded partnerships such as MLPs, which can result in them being structured as C Corporations and therefore subject them to U.S. Federal corporate income tax. The American Energy Independence ETF seeks to keep its holdings of MLPs below the 25% threshold, since it seeks to be Regulated Investment Company or RIC-compliant and therefore not subject to U.S. Federal corporate income tax. The American Energy Independence Index is comprised of U.S. and Canadian energy infrastructure companies, Master Limited Partnerships (MLPs) and General Partners (GPs) of MLPs. Growing production of crude oil, natural gas and natural gas liquids is increasing the need for new infrastructure to move, process and store this output. This in turn reduces the need for the U.S. to rely on imports to meet its energy needs. It is therefore anticipated that as the U.S. becomes ever more energy independent, this will benefit North American infrastructure businesses, MLPs and GPs. |
| Fund Profile |
| Fund Name |
American Energy Independence ETF |
| Fund Exchange Ticker |
USAI |
| Fund Sponsor |
SL Advisors |
| Fund ISIN |
US26922A5526 |
| Net Expense Ratio |
0.75 % |
| Fund Inception Date |
13 December 2017 |
| Fund Legal Structure |
ETF (Open end fund) |
| Exchange |
NYSE Arca |
| Listing Country Code |
US |
| Fund Investment Objective |
| ETF Type Specific |
US Equities - Industry Sector |
| Asset Class |
Equities (Stocks) |
| Index Linked |
Passive |
| Index Name |
American Energy Independence Index |
| Index Provider |
SL Advisors |
| Currency Hedged |
No |
| Inverse / Leveraged |
Not Applicable |
| Developed / Emerging |
Developed Market Funds |
| Market Capitalization Range |
Broad Market / Multi-Cap |
| Growth Value |
Core / Blend |
| Continent |
North America |
| Key Statistics |
| Return As of Date |
21 August 2019 |
| Asset Under Management |
10.41 Million (USD) |
| 1 Month Total Return |
-5.39 % |
| Year To Date Return |
16.33 % |
| 1 Year Total Return |
-11.05 % |
| 3 Year Annualized Total Return |
|
| NAV |
23.135 |
| Share Outstanding |
450,000 |